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Moneylife Digital Team 08 August 2022
Laurus Labs’ (Laurus) Q1FY22-23 results instilled confidence in investors regarding its target of achieving US$1bn (billion) in sales in FY22-23. It delivered a revenue growth of 20% y-o-y (year-on-year) to Rs1,539 crore, driven by stellar growth in custom synthesis division. API (active...

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With the implementation of Survey of Villages Abadi and Mapping with Improvised Technology in Village Areas (SVAMITVA) scheme and work from home culture getting in vogue, there is a spurt in housing loan demand in tier 3 and 4 districts. The growth has been registered more in the female...

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Masayoshi Son, Founder and CEO of Japanese investment group Softbank, on Monday warned unicorns and startups to prepare for a harsh and longer funding winter ahead, as the company posted disastrous results for the second straight quarter this year.   In the earnings call after...

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Moneylife Digital Team 08 August 2022
On Monday, the indices opened flat and ended with gain. On the National Stock Exchange (NSE), advance decline ratio was at 1.25, indicating positive sentiment in broader markets.   The trend of the major indices on Monday’s trading are given in the table below:     On...

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Moneylife Digital Team 05 August 2022
Guidelines    1. The Grader captures the three factors that determine investments: valuation, returns and price strength. Our grader captures these three parameters    2. In this system, A is a higher rank than B and so on. Since, in valuation lower is better, we have ranked...

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Sucheta Dalal Sucheta Dalal 05 August 2022
The Securities Appellate Tribunal (SAT) has done it again. On 2 June 2022, it issued a brief 9-page order which throws out of the window the very philosophy of disclosure-based regulations that have underpinned all of SEBI’s (Securities and Exchange Board of India’s) actions for three...

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Debashis Basu Debashis Basu 05 August 2022
While filing taxes for the financial year (FY) 2021-22, active investors had mixed feelings. If they made large gains, they needed to pay substantial taxes. But they are perhaps in loss so far, in the current financial year, because the stocks have been in a 'bear market'. It is an unpleasant...

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Yogesh Sapkale Yogesh Sapkale 05 August 2022
Scheduled commercial banks (SCBs) have written off non-performing assets (NPAs) worth over Rs9.92 lakh crore during the past five financial years (FYs), the Rajya Sabha was informed. While public sector banks (PSBs) have refused to share with citizens the names of big defaulters under the...

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Moneylife Digital Team 05 August 2022
Nearly 130mn (million) investors have investments of over Rs1.12 lakh crore 'stuck' in six companies of the Sahara group. Market regulator Securities and Exchange Board of India (SEBI) has been facilitating the repayment of principal and interest to the investors who invested in...

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Shrirang V Samant 05 August 2022
The tragic death of singer KK in Kolkata must be fresh in everyone’s mind. It was during a concert that he suffered a cardiac arrest and died while being taken to the hospital. While the cause of the singer’s death remains unknown, questions were being raised about the arrangements at the...

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Yogesh Sapkale Yogesh Sapkale 05 August 2022
Given that e-commerce involves a virtual shopping experience, without an opportunity to physically view or examine the product, consumers heavily rely on reviews posted on e-commerce platforms to see the opinion and experiences of users who have already purchased the goods or...

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Amitabha Banerjee Amitabha Banerjee 05 August 2022
After T (the terminator) left, a new general manager (GM) arrived – David Moore. He was the total antithesis of T—short, thin, thick blond hair, no glasses and a mousy countenance. Rumour had it that the managing director (MD) had selected him because he had hated having a domineering GM who...

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The past couple of years have underlined the importance of having adequate health insurance cover and also exposed the limitations of regular health policies. Many COVID-19 claimants received only half of the claimed amount and had to pay the balance from their pockets, despite having health...

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Yazdi Tantra Yazdi Tantra 05 August 2022
We use many apps on our computer which we are familiar with on a day-to-day basis. When travelling or when we do not have access to our own computer, it becomes inconvenient to use another app on someone else’s machine. If we are accustomed to using Google Chrome as our browser and we do not...

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Moneylife Digital Team 05 August 2022
In the previous week’s closing report, we had mentioned that the Nifty and Sensex are on an uptrend.   The major indices opened higher this week and closed with gain.     On Monday, the indices opened up with a gap and ended with gains. On the National Stock Exchange...

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Moneylife Digital Team 05 August 2022
INDIAN MARKET TRENDS From 29th July to 4 August 2022, ML Mega-cap Index, ML Large-cap Index and ML Mid-cap Index rose 2% each. ML Micro-cap Index, NIFTY, ML Small-cap Index and the Sensex rose 1% each.                                             FUND...

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Moneylife Digital Team 05 August 2022
Indian Energy Exchange (IEX) began FY22-23 on a challenging note as revenue growth slowed down. IEX recorded a revenue growth of 8% y-o-y (year-on-year) to Rs98 crore. This was on account of lower clearance on the Exchange platform due to supply-side constraints. Electricity sell quantum was...

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Streaming platform SoundCloud has announced to cut 20 per cent of its workforce "given the challenging economic climate and financial market headwinds".   SoundCloud CEO Michael Weissman wrote in an email that affected employees would be notified over the next several days, reports...

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In a big relief for Reliance Industries, the Supreme Court on Friday directed the Securities and Exchange Board of India (Sebi) to allow the company access to certain documents in a case connected with the acquisition of RIL shares between 1994-2000.   A bench headed by Chief Justice...

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Moneylife Digital Team 05 August 2022
Rajratan Global Wires (RGW) came out with a good set of numbers for Q1FY22-23, earning highest-ever revenues for the quarter. Profits were very close to the all-time high of the previous quarter’s profits, even though it faced headwinds. RGW is the largest bead wire supplier to tyre OEMs...

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